Sophia Sommer

(602) 512-9825
The Sommer Group
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$172,025$172,025$333,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$160,975$0
Funding fee$0$0$0
Note rate4.310%4.310%7.400%
Blended rate5.160%6.533%7.640%
1st payment$991.94$991.94$2,305.62
2nd payment$0.00$1,073.17$0.00
Taxes / mo$86.67$86.67$86.67
Insurance / mo$150.00$150.00$150.00
MI / mo$141.81$141.81$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,370.42$2,443.59$2,608.89
Cash to close$197,975$37,000$37,000